Wolfden Announces Drilling Results on its Orvan Brook Property in the Bathurst Mining Camp, New Brunswick
Wolfden Announces Drilling Results on its Orvan Brook
Property in the Bathurst Mining Camp, New Brunswick
THUNDER BAY, ON
,
Oct. 4, 2017
/CNW/ -
Wolfden Resources Corporation (WLF:TSX-V)
("
Wolfden
" or the "
Company
") is pleased
to announce results from recently completed diamond drilling on its 100%-owned Orvan Brook property (the "Property"). The Property is well
located proximal to infrastructure, approximately 35 kilometres west of the
City of Bathurst
and 15 kilometres east-northeast of Trevali Mining
Corporation's Caribou mine and mill facility, in the prolific Bathurst Mining Camp of northeastern
New Brunswick
.
DIAMOND DRILLING RESULTS:
Hole ID
From
(m)
To
(m)
Length
(m)
Zn%
Pb%
Cu%
Ag (g/t)
Au
(ppb)
Zn+Pb%
Zn Equivalent%
OB-17-01
213.10
215.00
1.90
9.00
2.56
0.36
92.1
678
11.56
14.12
OB-17-02
68.60
71.80
3.20
7.15
2.35
0.13
56.8
435
9.50
10.76
OB-17-03
88.40
93.20
4.80
3.56
1.26
0.11
35.7
278
4.82
5.73
OB-17-03
88.40
89.80
1.40
8.75
2.50
0.18
53.5
580
11.25
12.70
OB-17-04
76.90
78.80
1.90
1.46
0.52
0.03
11.582
85.32
1.98
2.23
OB-17-05
106.00
107.00
1.00
0.27
0.26
0.09
15.8
108
0.53
1.06
OB-17-06
223.90
224.50
0.60
4.30
1.07
0.31
47.0
304
5.37
6.95
OB-17-07
86.90
87.80
0.90
10.80
3.00
0.20
85.0
433
13.80
15.52
OB-17-08
201.70
207.00
5.30
7.38
2.25
0.45
75.6
546
9.63
12.01
OB-17-08
201.70
202.50
0.80
20.10
5.07
0.18
125.0
559
25.17
27.23
OB-17-09
176.10
183.60
7.50
2.36
1.48
0.24
56.9
432
3.84
5.50
OB-17-09
178.40
183.60
5.20
2.51
1.83
0.33
75.7
577
4.34
6.62
OB-17-09
178.40
178.90
0.50
4.63
2.28
0.51
129.0
915
6.91
10.78
OB-17-10
240.30
243.30
3.00
2.62
0.51
0.17
25.0
120
3.13
3.94
OB-17-10
242.60
243.30
0.70
8.28
1.60
0.60
75.0
324
9.88
12.40
OB-17-11
202.40
202.80
0.40
6.80
1.97
0.21
92.0
495
8.77
10.93
OB-17-12
292.50
293.00
0.50
1.02
0.15
0.07
5.5
83
1.17
1.48
OB-17-13
268.10
270.00
1.90
1.78
0.85
0.19
38.6
141
2.63
3.64
OB-17-14
414.50
425.30
10.80
2.73
0.68
0.14
17.7
137
3.41
4.00
OB-17-14
417.40
425.30
7.90
3.49
0.89
0.17
23.5
181
4.39
5.16
OB-17-14
419.90
425.30
5.40
4.49
1.26
0.22
32.4
252
5.75
6.78
OB-17-14
422.20
425.30
3.10
5.90
1.67
0.27
41.5
274
7.57
8.80
Analyses completed by Activation Laboratories in Ancaster, Ontario utilizing the 1A2 – Fire Assay AA, 1H INAA (INAAGEO)/Total Digestion (Total) and UT-7 Sodium Peroxide
Fusion (ICP & ICPMS) analytical packages
Zn equivalent based on US$2.93/lb. for Cu, US$1.13/lb. for Pb, US$1.45/lb. for Zn US$0.53/g for Ag & US441.13/g for Au
A total of 14 drill holes comprising 3,239 metres, were completed during the initial phase of drilling on the Orvan Brook deposit, over an
intermittent strike length of 1.5 kilometres (Figure 1). All of the drilling tested the deposit at shallow to moderate depths of up to 300 vertical
metres with the exception of drill hole OB-17-14, that tested the deposit at a vertical depth of 400 vertical metres.
Highlighting the drill results are intercepts of
7.15% Zn, 2.35% Pb, 0.13% Cu, 56.8 g/t Ag & 0.44 g/t Au over 3.20 metres
(OB-17-2),
7.38% Zn, 2.25% Pb, 0.45% Cu, 75.6 g/t Ag & 0.55 g/t Au over 5.30 metres
(OB-17-08) and
4.49% Zn, 1.26% Pb, 0.22% Cu, 32.4
g/t Ag & 0.25 g/t Au over 5.40 metres
(OB-17-14). The remaining assays from the drilling program are tabulated above.
A second phase of drilling has commenced testing the deeper levels of the deposit in the locale of drill hole OB-17-14 and other historic holes, that
intersected
8.16% Zn, 2.85% Pb, 0.28% Cu & 82.9 g/t Ag over 5.47 metres
as well as
7.37% Zn, 2.31% Pb, 0.44% Cu & 89.2 g/t Ag
over 5.62 metres
(Area of Interest on Longitudinal Section). Here, thicker intercepts of existing mineralization are currently thought to offer the
best chance of defining a mineral resource with significant grades. Assays from the second phase of drilling will be released as they become
available.
The technical information in this news release has been prepared and approved by
Donald Hoy
, President, CEO and a director of the
Company. Mr. Hoy is a Qualified Person for the purpose of National Instrument 43-101.
ABOUT WOLFDEN RESOURCES:
Wolfden is a mineral exploration company holding nickel properties in
Manitoba
and Zn-Pb-Cu base-metal properties in
Maine, USA
and in
New
Brunswick
(>24,000 hectares).
Manitoba
is ranked #2 in
Canada
and #2 in the world as the most favorable jurisdiction to conduct mining and
exploration (Fraser Institute (2016-2017)).
This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves
various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current
expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future
performance of the Company, and include, without limitation, statements relating to the timing for the completion of a mineral resource
estimate on the Orvan Brook property, plans and results of exploration and the magnitude and quality of the property. There are
numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those
expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i)
risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of
mineral properties; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations;
and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such
information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly
qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure
materials filed with the securities regulatory authorities in
Canada
at
www.sedar.com
. The Company assumes no obligation to update
any forward looking information or to update the reasons why actual results could differ from such information unless required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Wolfden Resources Corporation
View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/04/c5700.html
%SEDAR: 00033002E
For further information:
Donald Hoy, President and CEO, Wolfden Resources Corporation, Tel: (807) 624-1131 Fax: (807) 624-1133, Email:
[email protected], Website: www.wolfdenresources.com
CO: Wolfden Resources Corporation
CNW 13:51e 04-OCT-17